Businesses in Nevada LLC vs. Maryland

Nevada vs. Maryland Incorporation Comparison

Though Maryland’s corporate income tax rate is 8.25% the state still ranks 7 on the Tax Foundation’s Corporate Tax Ranking. Maryland has neither franchise tax nor tax on corporate shares. Nevada also has no franchise or corporate share tax; that and Nevada’s lack of corporate income tax gives the state the highest ranking on the Tax Foundation’s Corporate Tax Ranking. If you incorporate an LLC in the state of Nevada, Charging Order is a Creditor’s sole remedy for you’re your company. Below we have compiled a list of the benefits of incorporating in Nevada vs Maryland: